Groupama Asset Managment increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,042,767 shares of the technology company's stock after acquiring an additional 5,402 shares during the period. Groupama Asset Managment owned about 2.39% of CyberArk Software worth $304,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. ORG Partners LLC bought a new position in CyberArk Software during the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software in the second quarter worth about $39,000. Assetmark Inc. increased its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock valued at $50,000 after acquiring an additional 54 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in CyberArk Software during the third quarter worth approximately $51,000. 91.84% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Stock Down 2.5 %
CYBR stock traded down $7.87 during trading on Tuesday, hitting $312.13. The company had a trading volume of 622,217 shares, compared to its average volume of 519,041. The firm has a 50-day moving average price of $300.33 and a 200-day moving average price of $277.29. CyberArk Software Ltd. has a 12 month low of $198.01 and a 12 month high of $333.32. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 1,156.08 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. Equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.
Analyst Ratings Changes
CYBR has been the subject of a number of analyst reports. StockNews.com upgraded shares of CyberArk Software from a "hold" rating to a "buy" rating in a research note on Monday. Jefferies Financial Group increased their target price on CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. BTIG Research upped their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Scotiabank started coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a "sector outperform" rating and a $340.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on shares of CyberArk Software from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and a consensus price target of $328.37.
Read Our Latest Research Report on CYBR
CyberArk Software Company Profile
(
Free Report)
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.
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